{
 "id": "cn-nmpmi",
 "name": "NBS non-manufacturing PMI",
 "region": "china",
 "layer": "cycle",
 "unit": "index",
 "cadence": "monthly",
 "state": "triggered",
 "qualifier": "below threshold since Jul 2026",
 "threshold": {
  "label": "\u003c 50",
  "op": "lt",
  "value": 50
 },
 "distance": -1,
 "score": 37.5,
 "latest": {
  "period": "2026-08-01",
  "value": 49
 },
 "stale": false,
 "trend": "falling",
 "publisher": "National Bureau of Statistics of China",
 "series_code": "Purchasing Managers' Index release, non-manufacturing business activity index",
 "licence": "NBS site terms: reuse with attribution",
 "description": "The official business activity index for non-manufacturing industries, services and construction, from the same monthly release as the manufacturing PMI, read from its text. Services are now more than half of China's output, and the two indexes often disagree: construction sits with property while services follow household spending. Added in September 2026 after an outside review.",
 "points": [
  {
   "period": "2025-10-01",
   "value": 50.1
  },
  {
   "period": "2025-11-01",
   "value": 49.5
  },
  {
   "period": "2025-12-01",
   "value": 50.2
  },
  {
   "period": "2026-01-01",
   "value": 49.4
  },
  {
   "period": "2026-03-01",
   "value": 50.1
  },
  {
   "period": "2026-04-01",
   "value": 49.4
  },
  {
   "period": "2026-05-01",
   "value": 50.1
  },
  {
   "period": "2026-06-01",
   "value": 50.2
  },
  {
   "period": "2026-07-01",
   "value": 49
  },
  {
   "period": "2026-08-01",
   "value": 49
  }
 ],
 "url": "https://worldstat.us/indicator/cn-nmpmi"
}